HMS Center Supports OJK's Steps To Collaborate With Legal Apparatus In Bank Mayapada Examination

Chairman of the HMS Center, Hardjuno Wiwoho. (Photo: Special)

JAKARTA - The General Chairperson of the HMS Center, Hardjuno Wiwoho, fully supports the steps taken by the Financial Services Authority (OJK) to cooperate with Law Enforcement Officials (APH) in examining the alleged irregularities in the Maximum Credit Granting Limit (BMPK) of Bank Mayapada, owned by conglomerate Dato Sri Tahir.

On the other hand, banks are also asked to take steps to resolve the problem of BMPK violations while still paying attention to good governance in accordance with applicable regulations. In the past, said Hardjuno, the cause of the 1998 banking crisis was because the bank owner enriched himself from the credit provided.

In fact, a lot of credit is bad, because the credit is careless, which burdens the stability of the banking system. For this reason, Hardjuno emphasized, the owner of Bank Mayapada Tahir needs to be examined by the OJK if it turns out that there is a fraud. OJK does not need to be afraid and hesitant even though Tahir is a member of the Presidential Advisory Council.

"The rules are rules," said Harjuno in Jakarta, Saturday, July 8.

In this case of alleged BMPK violation, Hardjuno hopes that the main concern of the OJK is ensuring the safety of banks and bank customers. This is important for the stability of the banking and financial system in Indonesia.

"We appreciate OJK who wants to cooperate with APH in examining alleged BMPK violations of Bank Mayapada. This is a serious case. We learn from BLBI, there are many violations regarding BMPK which lead to major scandals," he explained.

Furthermore, this anti-corruption activist gave an example of BLBI funds enjoyed by the BCA owned by the Salim Group. The value reached Rp32 trillion. Surprisingly, there is a jumbo loan from BCA that flows to the Salim group of Rp52 trillion. This means that the Salim Group owes to BCA amounting to Rp52 trillion.

"It is reasonable to suspect that the pattern is the same as BCA and Mayapada. At BCA at that time, credit flowed to business groups of IDR 52 trillion, while Mayapada was around IDR 23 trillion," he said.

Ironically, continued Hardjuno, the government sold BCA to Farallon at a price that doesn't make sense. BCA's assets are IDR 117 trillion, but 51 percent of super-sales are only IDR 5 trillion. It is reasonable to suspect that it could be that the old owner entered the bank again.

Who can guarantee that the jumbo credit-stained company will not be affiliated with Mayapada. Or if it goes bankrupt, it is taken over by the government, then sold again, the old owner also owns it. Through a shell company. This is very unfair. That's why we support the OJK in cooperating with law enforcement officials to dismantle problematic credit at Bank Mayapada," explained Hardjuno.

Based on an audit by the Supreme Audit Agency (BPK) on banking supervision by the OJK in 2017-2019, Bank Mayapada included 7 banks with problems with credit. Where Bank Mayapada credit is concentrated in four business groups. Namely, Hanson International (Bentjok), Intiland (HSG/Hendro Santoso Gondokusumo), Saligading Bersama (Musyanif), and Mayapada Group (Dato Tahir).

The amount of credit that violates BMPK flows to Hanson International amounting to Rp12.39 trillion, Intiland Rp4.74 trillion, Mayapada Group Rp3.3 trillion and Saligading Bersama Rp3.13 trillion. In total, the figure is Rp23.56 trillion. Obviously there was a BMPK violation, because the core capital of Bank Maya at that time was Rp10.42 trillion. BMPK rules that set credit should not exceed 20 percent of the core capital.

So, Bank Mayapada's maximum credit is IDR 2 trillion. In particular, Benny Tjokrosaputro's PT Hanson International Tbk (Bentjok), convicted in the Jiwasraya corruption case, received the largest credit contribution, which was IDR 12.39 trillion.

It could be, between Dato Tahir, who is a member of the Presidential Advisory Council (Wantimpres), and Bentjok is a business friend. And, Mayapada Group also got a problem loan of IDR 3.3 trillion.

"So, this is not just a violation of the BMPK limit," he explained.

In fact, there are a number of BPK black notes for the bank coded MAYA shares. For example, an assessment of the ability and propriety of a board of directors who does not consider a violation of credit signings at the company.

In addition, BPK highlighted the unfinished non-performing loans (NPL), underlying transactions related to the flow of funds from debtor accounts into deposits on behalf of the main commissioner of Bank Mayapada, namely Dato Tahir, and that was a violation of BMPK.